If these reports are to to be believed, this is fantastic news for manager Ole Gunnar Solskjaer. De Gea only had one year left on his current deal and at times it looked unlikely a deal would be agreed with the Spaniard holding out for similar wages to Alexis Sanchez.

De Gea has been an excellent servant for the club and has comfortably been the most influential player during his eight-year stay so far.

Despite a dip in form last season, he is still undoubtedly one of the best goalkeepers in the world and signing him to a new deal would be one of the best pieces of business the Reds do this transfer window.

De Gea and the rest of the United squad are currently preparing to fly out for their pre-season tour of Australia where they face Perth Glory and Leeds United.

David De Gea is set to sign a new £350,000-a-week contract at #mufc. He will be the highest paid goalkeeper in the world after putting pen to paper on a new five year deal. [mirror] pic.twitter.com/oZLx8R88th